Question 4 At the beginning of each quarter, $100 is deposited into a saving account that pays 12% compounded monthly. Find the future value (compound amount) of annuity for two years.

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asked Mar 19, 2021 2.2k views

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Question 4

At the beginning of each quarter, $100 is deposited into a saving account that pays 12% compounded monthly.
Find the future value (compound amount) of annuity for two years.

Mathematics
college

Orius asked

by Orius

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The correct answer is $288

Sokhom Ratanak answered Mar 22, 2021

by Sokhom Ratanak

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2 votes

Answer:

$288

Explanation:

12% monthly

144% yearly.

100*1.44*2 = all

all = 288

Hope this helps plz hit the crown :D

Omar Tammam answered Mar 24, 2021

by Omar Tammam

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